I am a little mystified by some of the responses in this thread (haven?t been here in a while). It isn?t Ohm?s Theory, or Ohm?s Postulate, or Ohm?s Best-Guess. It is Ohm?s Law, and as such, it is always applicable. It doesn?t take a vacation and it is not selective as to when it gets used. It doesn?t matter if the voltage, current, or resistance is a linear function or nonlinear function. Nor does it matter if the parameters are given in P-P or RMS. It always applies. That?s what a scientific Law requires for it to be a Law.
For a given resistance (or impedance), current and voltage will remain proportional. If the resistance (impedance) is not fixed, then it too is a variable, and all three parameters can change, yet still satisfy the equation. Even a diode still follows Ohm?s Law, but the resistance is a complex, nonlinear function.
Taking the one example that was brought up, when the voltage to a motor decreases, it is not a violation of Ohm?s Law that the current will generally increase. The reason why the current increases is because the impedance is a function of the rotational frequency of the motor, and it is the reduction in the impedance that causes an increase in the current. In other words, it is not the change in voltage that causes an increase in current, but a reduction in the frequency, and therefore, a reduction in the impedance that caused an increase in the current. If the speed of the motor remained unchanged, then a reduction in the voltage would result in a reduction in the current too.
Some people are confusing transformer function with Ohm?s Law. The difference between primary and secondary of a transformer is not a function of Ohm?s Law, but from Conservation of Energy, in that Power-in equals Power-out.