Answer: True
Faraday's Law (also known as Faraday's Law of Electromagnetic Induction) was formulated from the experiments made by him and states that:
The voltage induced in a closed circuit is directly proportional to the speed with which the magnetic flux that crosses any surface with the circuit as edge changes in time
where:
is the Electric Field
is the infinitesimal element of the C contour
is the magnetic field density
is an arbitrary surface, whose edge is C
The negative sign indicates the direction of the induced current and refers to the opposition between the fields induced by the magnetic flux and the electromotive force. In addition, its consequences are also expressed in the Lenz law, which states that the induced electricity will be in a direction such that it opposes the variation of the magnetic flux that produced it as a consequence of the principle of conservation of energy.
Therefore:
If he minus sign were not in Faraday's law it would lead to a violation of the law of conservation of energy